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Essential 'AML/CTF' CPD - 24th October 2017

Guernsey Event

As we all know with the passage of time between training initiatives, the level of employee awareness of the risk of money laundering and financing of terrorism decreases. With this in mind, Comsure provides a thought provoking 3hr (CPD hours) workshop that captures not only the basics (see next section) but:

Latest cases

Latest JFSC / GFSC updates

Latest international initiatives

Also to support the face to face training ALL delegates will be offered

The opportunity to submit a question for the workshop

A free online test (will also provide an additional 0.5hrs CPD, if the test is passed!!!)

The utilisation of the above is aimed to maintain a high level of awareness that can greatly enhance the effectiveness of a relevant person’s defences against money laundering and the financing of terrorism.

The Workshop will consider:

In addition to the above Comsure will refresh attendees on the basics to reinforce what all firms should be doing to prevent and detect money laundering and terrorist financing.

Understanding what ML & TF is - dispelling the myths!

Understanding the difference between KYC, ID&V and CDD.

Understanding the difference between business, client and operational risk assessments for AML purposes

Understanding the difference between enhanced risks and high risks for CDD purposes

Understanding the difference between business, client and operational risk assessments for AML purposes

Understanding the difference between enhanced risks and high risks for CDD purposes

AML Policies and Procedures - What is the difference and why are they important?

Probability of an offence crystallising – using leading case studies.

Essentials of SARs - Your Reporting in the Dock - Risk of not reporting - using real case studies.

Government and other Sanction risk (e.g. UN, EU, OFAC, Others, etc.)

Profiling customers - what does it mean?

Other relevant matters.

The training is an interactive session and allows delegates to participate with their own questions.